Press release
Global AR VR in Travel and Tourism Market expected to reach USD US$ 304.4 mn by 2027, growing at a CAGR of 32.5% | Know the Companies List Could Potentially Benefit or Loose out From the Impact of COVID-19
According to AllTheResearch's analysis, The Global AR VR in Travel and Tourism Market Ecosystem was valued at US$ 74.6 Mn in 2018 and is expected to reach US$ US$ 304.4 million by the year 2026, growing at a 32.5% CAGR by 2026. The ripple effect of Coronavirus-COVID19 on the AR VR in Travel and Tourism Market Ecosystem needs to become part of strategy discussions to emerge strong.Download Sample PDF of COVID-19 ToC to understand the impact and be smart in redefining business strategies.
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AR VR in Travel and Tourism Market Ecosystem are expected to grow at the fastest pace during the forecast period. Travel and tourism companies are investing in AR VR to enhance customer experience. Various apps are being developed using AR and VR technology to allow customers experience the real-time scenario of a destination they want to book. The Hub Hotel, one of the largest hotel chains in the U.K., has created an interactive wall in every room using AR. Guests just need to point their phones at the wall to check all the nearby tourist attractions. Companies are making investments in AR VR in travel and tourism ecosystem to improve their services and product offerings to provide tourists a great travel experience.
The major players operating in the Global AR VR in Travel and Tourism Market Ecosystem are as follows: Facebook, Apple, Amazon, Microsoft Corporation, The Hub Hotel (Premier Inn), HTC Corporation and more...
By Application: 3D modelling/ Design, Training, Monitoring/ Maintenance, Others.
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AR VR IN TRAVEL AND TOURISM MARKET ECOSYSTEM - BASED ON REGIONS:
AR VR in travel and tourism ecosystem is used for improving travel convenience, navigation, and for creating menus with an interactive 360-degree view of the food and the ingredients used in it, and others. The Virgin Holidays has created solutions that allow stores to occupy its waiting customers with a virtual tour of Virgin Holiday's destinations. This has helped improve the sales of holidays to Riviera Maya, which is one of the Virgin Holiday's destinations.
In 2018, in Dubai, a VR park was opened to offer virtual games and experiences to tourists. Dubai is a tourism hub in the Gulf region and was the fourth most visited destination in 2017. The new VR park and other such investments are expected to accelerate the demand for AR VR in travel and tourism ecosystem during the forecast period in the Middle East and Africa region..
A Glance on the Global AI enabled Medical Devices Market Ecosystem Trends
Augmented reality and virtual reality are used in the tourism industry for guiding, educating, and communicating with customers. For instance, users can point their smartphones on a building to get insights on its architecture.
And more...
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Table of Content:
Ecosystem Report - Table of Content
1.Introduction
1.Global AR VR in Travel and Tourism Market Ecosystem Definition
2.Scope of study
2.Executive Summary
1.Global Market Segmentation
AR VR in Travel and Tourism Market Ecosystem Positioning
1.Global AR VR in Travel and Tourism Market Ecosystem Snapshot
2.Global AR VR in Travel and Tourism Market Ecosystem Segmentation
1.By Component
AR VR in Travel and Tourism Market Ecosystem Sizing, Volume, and ASP Analysis & Forecast
1.Global AR VR in Travel and Tourism Market Ecosystem Sizing & Volume
1.Cross-segmentation
And More...
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https://www.alltheresearch.com/report/389/ar-vr-in-travel-and-tourism-market
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